In November 2016, the unfair contract term (UCT) protections in the Australian Consumer Law and the Australian Securities and Investments Commission Act 2001 were extended to small business contracts.

The Government is reviewing the extension to small business contracts, looking at the impact of the change, whether the objective set for the original reform has been met and whether any changes are required to improve the current framework.

If you would like to view Treasury’s discussion paper, please visit the consultation page.